How Ex-PDP Chairman, Son, Squandered N300 Million Arms Money- EFCC

The Economic and Financial Crimes Commission, EFCC, has told a Federal High Court in Abuja that the office of the National Security Adviser, paid N300 million to a former national chairman of PDP, Bello Haliru, to fund election campaign.

Roukayya Ibrahim, a forensic specialist with the commission, made the statement while testifying before Justice John Tsoho on Tuesday.

Ms. Ibrahim said the outcome of a forensic analysis on financial transactions in the Sterling Bank account used indicated that the money was not payment for contract executed.

She said the office of the National Security Adviser headed by retired Col. Sambo Dasuki authorised the payment.

“The bank account that was used belonged to Abbah Bello, son of the third defendant (Haliru Bello),’’ Ibrahim said.

She added: “Between October and November 2014, a special Task Force was created to investigate Defence and arms contract.

“Allegation of financial misappropriation in the office of the NSA has been reported at the commission.

“After the Task Force was constituted, we studied intelligence reports and commenced investigation.

“During the course of the investigation, we invited relevant government agencies and banks to discuss with them.

“Specifically, we spoke with senior staff from the office of the Accountant-General of the Federation and Central Bank of Nigeria.

“One of the discoveries was a letter from the Ministry of Finance to the CBN requesting the release of N100 billion on March 2, 2015.

“The money was actually meant for disbursement to agencies of government with the office of the NSA getting N30 billion out of the fund, supposedly to be used for security issues.

“On March 3, 2015, the Accountant-General of the Federation sent a memo to the Ministry of Finance in respect of the N30 billion.

“And on March 5, the Accountant-General of the Federation sent another memo to the CBN requesting urgent release of the N30 billion which was eventually paid into the NSA office account on March 11.

“On March 17, the N300 million was transferred from the N30 billion into the Sterling Bank account operated by BAM Project and Properties Ltd owned by Abba Bello.

“When Abba was arrested and interrogated, he denied knowledge of the transaction that ran through his bank account.

“Then his father, Haliru Bello, was away in abroad, but the story changed when we spoke with him on telephone.

“During the course of the investigation, we got to know that Bashir Yuguda, former minister of State for Finance, was used to actualise the transaction.’’

“During forensic analysis, we discovered that on March 18, disbursement of about N137 million was made to Kumugumu Ltd, on the same day, another N178 million was sent to North pole Ltd from the N300 million’’.

“On March 28, Abba transferred the sum of N163 million to Hijra Textiles Ltd on the instruction of his father, Haliru Bello.

“Abba who is the sole owner of BAM Project and Properties Ltd whose bank account is being used, withdrew the sum of N20 million in two tranches of N10 million each.

“Then on May 28, Abba made another transfer of N50 million into another of his personal savings account.’’

Ms. Ibrahim said Abba had specifically confessed to the commission that BAM Project and Properties Ltd did not execute any contract for the office of the National Security Adviser.

The duo are standing trial for alleged unlawful collection of part of the funds meant for arms purchase for the military.

The judge adjourned the matter till Feb 23.

Credit: NAN

Why EFCC Arrested Yuguda, Bafarawa, Ex-PDP Chairman’s Sons, Others Over $2billion Arms Deal

Former Minister of State for Finance, Bashir Yuguda, was arrested by the Economic and Financial Crimes Commission at about 4pm Monday and was still being questioned as at 9PM alongside other suspects over the controversial arms procurement scandal surrounding former National Security Adviser, Sambo Dasuki

Sources familiar with the ongoing investigation said the former minister allegedly received suspicious payments from the office of Mr. Dasuki, who is being investigated over a $2billion arms deal.

Mr. Yuguda allegedly received N1.5billion from the former NSA’s office through an unnamed company, for unstated purpose.

He also alleged received N1.275billion from Stallion Group during the campaign for the last general election.

Another N775million was also allegedly paid to him from the office of the Accountant General of the Federation for unstated purpose.

All the monies were paid to him between Dec 2014 and May, 2015, our sources said.

Also in custody over the same matter are the sons of Attahiru Bafarawa, former governor of Sokoto State and Haliru Bello Mohamed, former minister of defence and ex-national chairman of the Peoples Democratic Party.

Sagir Bafarawa, allegedly acting as front for his father, received N4.6billion from the NSA’s office.

Attahiru Bafarawa had recently escaped arrest but the EFCC says the former governor remains on its radar.

The ex-PDP chairman’s son, Abbah Mohammed, on his part got N600milion in the name of Bam Properties Limited.

Also in the custody of the anti-graft agency is Shuaibu Salisu, a former director of finance and administration in the former NSA’s office.

Mr. Salisu, a staff of the National Intelligence Agency, was a joint signatory with Mr. Dasuki to the NSA’s office account and EFCC operatives are accusing him of “supervising some dubious payments”.

Credit: PremiumTimes

Ex-PDP chairman, Bamanga Tukur, quits politics at 80

Alhaji Bamanga Tukur, a former National Chairman of the Peoples Democratic Party, during his 80th birthday lecture on Tuesday announced his retirement from partisan politics.

 

Giving a speech at a lecture organised to mark his 80th birthday, Tukur said he had done his best for the former ruling party and that it was time for him to retire from partisan politics.

 

“I deem it fit to use this opportunity of my 80th birthday celebration to announce my retirement from partisan politics.

“It is time to say goodbye to formal politics. I have used several political platforms to serve my country.

“I leave partisan politics for the younger generation. I want to be a statesman and an adviser.

“At the age of 80, I feel I can serve our dear nation more in the capacity of a statesman and father-figure,” he said.

 

Tukur, nevertheless, said his doors would remain open to all politicians, business men, business women and Nigerians who might seek his advice or opinion on any issue affecting the country and beyond.

“I want to re-dedicate my time, life and resources to the service of our nation as an elder statesman and father.”

He also said Nigeria had given him so much and that “it is now pay-back time.

 

Tukur said that during his short-lived tenure as the chairman of the party, he tried to make sanity to prevail in the party’s affairs by introducing internal democracy, party discipline and party supremacy.

 

These, he said, remained the ingredients of strong party systems which he said ‘’drive the democratic process.’’

 

According to the former governor of the old Gongola State, which now comprises Adamawa and Taraba states, defections from one political party to the other must be checkmated.